6 Gross rental income and service charge income

 20142013
Theoretical rent163,179159,197
Incentives(1,431)(1,226)
Vacancies(5,699)(5,738)
Total gross rental income156,049152,233
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The Fund leases its property investments in the form of non-cancellable operating leases. The nature of the theoretical rent has an indefinite duration because there are no fixed contract periods.

Service charge income represents € 4.0 million (2013: € 2.8 million) income receivable from tenants for the services of utilities, caretakers, etc. when the Fund acts as principal.

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